TSL Express Daily Articles & News

VetCare Canada Inc. (“VetCare”) announced today that it has raised up to $175 million through a senior secured credit facility arranged by Northleaf Capital Partners (“Northleaf”). Northleaf acted as the sole lead arranger. This debt financing will support VetCare’s continued expansion across Canada to complement its existing network of practices in Alberta, British Columbia, Manitoba, Ontario and Quebec and to further strengthen its corporate and operational capabilities that support the Company’s practices and medical teams.

Mr. Peduzzi has over 34 years’ experience in banking and financial services, having most recently served as Senior Executive Vice President & Chief Financial Officer of a Pennsylvania community bank. During his five-year tenure, the bank grew from less than $1 billion in assets to over $3 billion, with 36 office locations throughout Pennsylvania. During this time, he has also served on the Board of Directors of the Pennsylvania Association of Community Bankers.

Sequential Brands Group, Inc. (“Sequential” or the “Company”) (NASDAQ:SQBG) today announced that it, together with its wholly-owned subsidiaries, has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware (the “Court”). Gibson, Dunn & Crutcher LLP and Pachulski Stang Ziehl & Jones LLP are serving as Sequential’s legal counsel. Stifel and its affiliate Miller Buckfire & Co. are serving as Sequential’s investment banker. ​

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce that the Company's Canadian subsidiary has completed the second scheduled drawdown of US$30 million on its previously announced US$120 million Project Financing Facility ("Credit Facility") with an affiliate of RK Mine Finance (see news release dated January 4, 2021).

The economic impact of the global pandemic has yet to be seen in the health care industry, at least not in bankruptcy filings, as seen in the newest Polsinelli-TrBK Distress Indices Report. For the first time in more than 13 quarters, the Health Care Services Distress Research Index dipped below 100 points – an unprecedented drop in Chapter 11 filings for the commonly distressed industry.

Sabina Gold & Silver Corp (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) is pleased to announce an initial debt agreement for project financing for its Goose Mine on its 100%-owned Back River Gold Project (“Back River” or the “Project”) in Nunavut, Canada

Premier Health of America Inc. (TSXV: PHA) (the “Corporation” or “Premier Health”), a leading Canadian Healthtech company, announces it has negotiated the provision of two senior secured credit facilities by Royal Bank of Canada (“RBC”) for a total amount of up to C$27,00,000 (each a “Credit Facility”).

MamaMancini's Holdings, Inc. (NASDAQ: MMMB), a marketer of specialty pre-prepared, frozen and refrigerated food products, today announced that it has secured an expanded credit facility with M&T bank in the amount of $10.5 million for the purpose of acquisition financing at an interest rate of 3.5% above one-day LIBOR.

Old Point National Bank (Old Point) has expanded its Richmond, Virginia team with the addition of three new Commercial Relationship Managers. Robert Campbell has been appointed Senior Vice President and Senior Relationship Manager with Old Point's Richmond Commercial Lending Team. Katherine Wagner has been appointed Senior Vice President and Senior Relationship Manager with Old Point's Richmond Commercial Lending Team. Ian Splisgardt has been appointed Assistant Vice President and Relationship Manager with Old Point's Richmond Commercial Lending Team.

Focus Lenders Services Group, LLC® has added three new field examiners to its already robust team in the US and Canada. These new examiners are based in California, New York and Toronto. All these seasoned professionals have a minimum of over ten years’ experience in asset-based lending and factoring field examinations.

Celtic Capital Corporation today announced its most recent new client relationship – a Washington-based distributor of solar equipment and hardware. With no current bank financing, this Company was looking for a loan facility to offset current cash constraints that were hampering its growth potential. One of our valued bank referral partners suggested that Company management speak with us as the Company’s financials didn’t meet the bank’s lending criteria.

Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Invisors, a leading Workday consulting firm based in Atlanta, GA, on its recapitalization by WestView Capital Partners, a Boston-based private equity firm focused on middle-market growth companies. WestView’s investment represents the first institutional capital raised by the company and will help fuel its continued rapid growth in the Workday ecosystem.

Assembled Brands is celebrating its increased facility with RAEN Optics, LLC, an eyewear brand that specializes in handcrafted, ultra-light and UV protection eyeglasses and sunglasses.

Iron Horse Credit (“IHC”), a leading stand-alone inventory lender, is pleased to announce the closing of a $4,000,000 stand-alone inventory revolving line of credit to a leading manufacturer and developer of advanced alloys for the global market with a focus on specialty copper alloys and high-performance beryllium aluminum castings.

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a recent $500,000 purchase order finance facility to support the production financing requirements of a Massachusetts-based importer and distributor of environmental sustainable housewares.

Gerber Finance, the leading finance partner for companies experiencing accelerated growth, announced new funding for Honey Stinger, maker of sports nutrition products for athletes of all kinds. The deal was structured based on ecommerce and intellectual property and completed under the Naturally Gerber Finance division, which serves companies in the natural products space.

Sallyport has expedited the expansion of an Ontario advertising company this week with $250,000 in accounts receivable financing. The funds will be used by the client to service their ongoing working capital requirements whilst giving them the additional capacity they require to grow the business into new markets.

Nomad Royalty Company Ltd. ("Nomad" or the "Company") (TSX: NSR) (OTCQX: NSRXF) is pleased to announce that it has secured commitments with The Bank of Nova Scotia ("Scotia"), Canadian Imperial Bank of Commerce ("CIBC") and The Royal Bank of Canada ("RBC") to increase its revolving credit facility ("Increased Facility") to US$125 million with the option to increase to US$150 million, subject to satisfaction of certain conditions.

Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH.U) (OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, today announced it has closed on a US$210 million Senior Secured Term Loan (the "Term Loan") with Seaport Global Securities LLC as lead manager. AWH intends to use the proceeds to (i) repay substantially all of the Company's debt excluding approximately US$12 million of outstanding acquisition payments with near zero interest rates, (ii) finance the Company's pending investment in MedMen NY, Inc. and (iii) support the Company's future growth and acquisition initiatives.

Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced that its subsidiary, Republic Bank, named Peter Musumeci as the Market President for Metro New York, including New York City, Long Island, Westchester County and Northern New Jersey.